We are receiving an increasing number of calls for help from small businesses who are teetering on the verge of insolvency purely due to their customers not paying on time. Payment on invoices has marched from 30 days to 60 days, then to 90 days. “The escalation in payment times not only impacts your cash
The dramatic rise in insolvencies over the last 6 months comes as no surprise to those professionals who are in, or on the fringe of the insolvency industry. There are many contributing factors including the debt recovery drive by the ATO, banks reluctance to lend money, falling property and share prices that have historically secured
With Easter fast approaching it’s time to see if your cash flow can withstand a few shocks during the holiday break. If your cash flow is a bit tight, don’t feel too bad, the ATO are struggling to. The article below was in the Financial Review on Thursday. March 19. The ATO have now decided
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